Capital Land Asset Management Proprietary Limited was established in 2007 as an investment property specialist involved in the asset and property management of institutional and private property portfolios in Southern Africa.
The core operations of Capital Land involve asset management, financial management, operations and facilities management, leasing, developments, legal and compliance, marketing, media and promotions, and the management of social responsibility initiatives.
Capital Land has an established track record in delivering value enhancing performance to investors through the direct active management of property portfolios.
Capital Land was responsible for the assembly, growth and management of Synergy Income Fund Limited which listed on the Main Board of the JSE on 14th December 2011.
Capital Land grew the Synergy portfolio from 3 properties valued at R260 million prior to listing in December 2011 to 15 properties, situated in Gauteng, KwaZulu-Natal, Western Cape, Limpopo, North West and Free State, valued at R2.4 billion with a gross lettable area of 199 996m2 in March 2015.
In March 2015 Vukile Property Fund acquired a controlling stake in Synergy through a mandatory public offer. Through this process the Capital Land partners and management sold their stake in Synergy to Vukile. In May 2015 the Capital Land partners agreed to sell their shareholding in the management company to Vukile effectively exiting all investments in Synergy.
In October 2014, Capital Land was awarded the property and asset management contract for the Futuregrowth Community Property Fund, a flagship fund of Futuregrowth Asset Management, a member of Old Mutual Investment Group. The Comprop portfolio comprises 18 properties. The properties under Capital Land’s management are situated in Western Cape, Eastern Cape, Free State, KwaZulu-Natal, Gauteng and Mpumalanga valued at approximately R2.5 billion with a GLA of 218 961m2. In 2015, the first full year under Capital Land’s management the fund delivered a total return of 17.4% to investors.
In August 2017, Capital Land was awarded the property management contract for the Baia Mall, a 30 500m2 shopping centre situated in Maputo Mozambique owned by a consortium of investors including Actis and RPP. The Baia Mall will be the first premium grade internal shopping mall in Mozambique and is scheduled for opening in October 2017.